Chamber approves project with credit card revolving limit and Unrolls

The Chamber of Deputies approved this Tuesday (5) the bill that limits interest on revolving credit cards to 100% and regulates the Desenrola Brasil program. The vote took place in a symbolic way and only the Novo party spoke out against the basic text. The parliamentarians rejected the five highlights presented to modify the proposal. With that, the substitute for the rapporteur, Alencar Santana (PT-SP), for PL 2685/22 goes on to be analyzed by the Senate.

On Monday night (4), the deputies approved an urgent request for the text to be voted on in plenary without going through the committees of the Chamber. The project, authored by deputy Elmar Nascimento (União-BA), refers to the National Monetary Council (CMN) the setting of limits for credit card interest. The revolving rate is at 437.3% per year, according to the Central Bank.

According to the opinion of the project’s rapporteur, the CMN will have 90 days, from the proposal of the credit card issuers, to set the limits for interest and charges charged in the installment of the invoice in the revolving and installment modalities, informed the Chamber Agency.

The text provides for the portability of credit card debt and other debts related to it free of charge to another institution. “It is forbidden for the original creditor institution to charge costs related to the exchange of information and the portability of the outstanding balance of the credit card invoice and other postpaid payment instruments and other related debts”, says the report.

Santana included in the project the entire text of Provisional Measure 1176/23, which created Desenrola, a federal government program for debt renegotiation. Desenrola did not undergo major changes in the approved substitute, now micro and small entrepreneurs as creditors in the discount auction will have a specific lot.

“Desenrola Brasil – Tier 1 will require creditors to participate in
competitive process to be carried out by the operating entity, offering discounts on the amounts of its credits in electronic auctions segmented by lots, in order to enable competition between debts with similar profiles regarding the nature of the obligation, age of the debt and main sector of activity of the creditor , such as financial institutions, providers of public and public utility services, retail trade and service providers in general, including individual micro-entrepreneurs, micro-enterprises and small businesses”, defined the rapporteur.